JAKARTA : Coal miner PT Indika Energy and Taiwan-based Foxconn, which are partnering to make electric vehicles in Indonesia, are considering bringing in a Thai firm as a third partner, Indika's top executive told Reuters on Wednesday.
"We know the strongest automotive strongholds in ASEAN are Indonesia and Thailand ... instead of competing, why don't we complement," he said in a video interview with Reuters while at a gathering of G20 leaders.In September, Indika and Foxconn launched a $2 billion joint venture to make EVs, batteries and energy storage in Indonesia.
My own guess is if a semiconductor manufacturer wish to enter the EV business, then they face the risk of losing their chip market from their other larger EV 'customers' who are now their competitors. You can't have your cake and still eat it.